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BUZZ-American Airlines rises as TD Cowen upgrades to 'buy', hikes PT

ReutersJan 6, 2025 12:06 PM

** Shares of American Airlines AAL.O gain 4.8% to $17.80 premarket

** TD Cowen raises rating on the stock to "buy" from "hold"; increases PT to $25 from $17

** Brokerage expects AAL to benefit from improved pricing and higher business traffic

** "We expect long-haul international flying to remain robust in 2025" - TD Cowen

** 10 of 23 brokerages rate stock "buy" or "higher", 12 "hold" and 1 "sell"; median PT $19, according to data compiled by LSEG

** AAL gained ~27% in 2024 as US airline stocks soared in the year on strong travel demand

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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